Fabrinet

Fabrinet

Overview

• Fabrinet provides advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to OEMs of complex products.
• Key end markets include optical communications components, modules and sub-systems; industrial lasers; automotive components; medical devices; and sensors.
• The company designs and fabricates customized optics and glass (crystals, lenses, prisms, mirrors, and substrates) and integrates these into assembled products. Services include process design and engineering, supply chain management, manufacturing, PCBA, advanced packaging, integration and testing.
• Fabrinet uses a “factory-within-a-factory” model to protect customer IP and provide dedicated engineering teams and manufacturing space.
• Global NPI centers (Fabrinet West in Silicon Valley and Fabrinet Israel in Startup Village) support design for manufacturability and transfer of programs to Thailand for volume production.

Markets and product focus

• Served markets:
  • Optical communications (data center and telecommunications infrastructure)
  • Automotive components and sensors
  • Industrial lasers and medical devices
  • Other precision optics and glass-related products
• Growth drivers:
  • Data center-focused revenues: 47.9% of FY2026 revenue (up from 46.2% in FY2025)
  • Communications infrastructure revenues: 33.3% of FY2026 (up from 30.7% in FY2025)
  • Automotive, industrial and other markets: 18.8% of FY2026 (down from 23.1% in FY2025)

Customers

• Revenue is concentrated among a small number of customers.
• FY2026: four customers each contributed at least 10% of revenues:
  • Cisco Systems, Inc. – 19.9%
  • NVIDIA Corporation – 16.3%
  • Nokia Corporation – 10.7%
  • Amazon.com, Inc. – 10.5%
• FY2025: two customers each contributed at least 10%:
  • NVIDIA Corporation – 27.6%
  • Cisco Systems, Inc. – 18.2%
• The concentration of revenues among a few customers means changes in any one customer’s orders or pricing can materially affect results.

Employees and corporate scale

• Total full-time employees: approximately 21,521 worldwide as of June 26, 2026
  • Asia-Pacific: ~21,221
  • North America: ~300
• Workforce by function:
  • Manufacturing operations: ~21,020
  • Business development, general and administrative: ~501

Geographic and facility footprint

• Principal properties (as of June 26, 2026):
  • Thailand: Owned manufacturing, warehouse and administrative facilities — approx. 3,875,000 sq ft
  • China (PRC): Leased manufacturing, warehouse and administrative facilities — approx. 348,000 sq ft
  • United States: Owned/leased manufacturing, warehouse and administrative facilities — approx. 100,000 sq ft
  • Israel: Leased manufacturing, warehouse and administrative facilities — approx. 27,000 sq ft
  • Cayman Islands: Registered office — leased approx. 1,280 sq ft
• Capacity expansion:
  • May 2026: Acquired an 8-acre Navanakorn campus in Thailand (undergoing renovation to support future capacity)
  • February 2025: Began construction of a new ~2.0 million sq ft manufacturing building at the Chonburi campus (Thailand)

Strategic capabilities and technology

• Core capabilities:
  • Advanced optical packaging and precision optical/electro-mechanical manufacturing
  • Reliability and environmental testing
  • Optical and mechanical materials analysis; fiber metallization, lensing, handling, and alignment
  • Complex printed circuit board assembly (SMT, PTH) and high-density interconnect
  • Custom software tools for managing high-complexity production across varied mixes and volumes
  • Turn-key manufacturing and supply chain/resource planning tools
  • In-house crystal growth, precision glass drawing, and optical coatings
• Customization and vertical integration:
  • In-house development of customized optics and glass components to shorten time to market and reduce supply-chain complexity
• Quality and certifications:
  • ISO 9001, ISO 14001, TL 9000, IATF 16949, ISO 13485, AS 9100, NADCAP, ISO 45001, ISO/IEC 17025, ISO 22301, ISO/IEC 27001, ISO 50001
  • FDA-related registrations and compliance for medical devices
  • ANSI ESD S20.20, TAPA, CTPAT, CSR-DIW

Intellectual property and licensing

• Many customer technologies are licensed to Fabrinet on a non-exclusive, royalty-free basis for manufacturing purposes; licenses are limited to the duration of the customer’s supply agreement.
• Fabrinet treats its process engineering technology and customized optics/glass designs as proprietary.
• A limited number of PRC patents exist (expiration dates between 2026 and 2040); protection relies primarily on trade secrets and NDAs.

Regulatory and tax context

• Cross-border manufacturing operations span Thailand, PRC, U.S., and Israel, with related regulatory and tax considerations, including OECD Pillar Two and Thailand-specific incentives/treatments.
• The parent entity is a Cayman Islands exempted company; most operating assets are outside the U.S.
• The company maintains regulatory compliance for environmental, quality, and product-safety standards across its markets.

Corporate structure

• Fabrinet is a Cayman Islands exempted company that operates through multiple wholly owned subsidiaries with manufacturing in several countries and inter-company arrangements for administrative and manufacturing services.

Financial snapshot

• Revenue:
  • FY2026 (year ended June 26, 2026): $4.64 billion
  • FY2025 (year ended June 27, 2025): $3.42 billion
  • Year-over-year growth: +$1.22 billion (+35.7%)
• Revenue mix (FY2026):
  • Data center: 47.9%
  • Communications infrastructure: 33.3%
  • Automotive/industrial/other: 18.8%
• Key customers (FY2026): Cisco (19.9%), NVIDIA (16.3%), Nokia (10.7%), Amazon (10.5%)
• Key customers (FY2025): NVIDIA (27.6%), Cisco (18.2%)

What Fabrinet does in one sentence

Fabrinet is a global contract manufacturer specializing in advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services for OEMs in optical communications, automotive, industrial lasers, medical devices, and sensors, with deep vertical integration into customized optics and glass, a globally distributed manufacturing footprint, dedicated NPI centers, and a diversified but concentrated customer base.